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Home My WebLink About1994-12-28 95-51 RESOLVECOUNCIL ACTION Date: Dec. 28, 1994 Item No. 95-51 Ite:/Subject: Supplemental Appropriation for Park Woods Project Special Revenue Fund for the Period January 1 through Tune 30, 1995 Responsible Department: Community and Economic Development This Resolve will authorize a supplemental expenditure appropriation of $80,509, and a supplemental revenue appropriation of $62,611 for the period January 1, 1995 through Tune 30, 1995. The project will be structured into at least two divisions. One is for rental units for which the Health and Welfare Department will find tenants and pay the rent. The Second division will be for units which the City will lease to three social s agencies, and which will pay the monthly lease amount to the City irrespective of tenancy. ///4/Fv nepartp enc Head Manager's Comments:Y �w.Mif AA. C -7� ri ALL' U City Manager Associated Information :'µ Budget Approval: Finance Director Legal Approval: city solici Ve Introduced For Passage First ReaPage of Referral C�r fora Assigned to Councilor Soucy 95-51 December 28, 1994 Ips AMENDED) _ CITY OF BANGOR (TIRE.) P001be,. Supplemental Appropriation for Park Woods Project Special Revenue Fund for the Period January 1 through June 30, 1995 _ .............. ............. ........... ......................... .._... _.._. _.. By the CRY Comes of the OiH NBanpor: RESOLVED, wHEBEA6, the City of Bangor has acquired 60 housing unite from the federal govermoent in New Capehart, now known as Park Woods; and WHEREAS, operation of the project will begin on or about January, 1, 1995; and WHEREAS, a. supplemental appropriation of the anticipated avenues and expenditures is required for payment of expenses associated with this project; NOW, THEREFORE, BE IT RESOLVED THAT supplemental expenditure appropriation of $79,04$ is hereby approved; and a supplemental revenue appropriation of $82,611 is hereby approved; and the Finance Director is authorised to establish such revenue, expenditure and general ledger accounts as necessary for the proper recording of expenditures, sets, liabilities and ui eqtyeof this project; and annual net income or losses shall accumulate for the benefit- of this project subject to annual reappropriation. PARK WOODS PROTECT -42 UNITS OPERATED BY CITY ADMINISTRATIVE BUDGET CITY OF BANGOR DEPARTMENT OF HEALTH AND WELFARE Page 1 FiACPPE_PF.tgm 01M4ni PROPOSED ESTIMATED 6 M0NTH YEAR 1/1195-690095 7/1195-6130095 1. SALARIES Full Time Case Manager (Pat 2)(24w }s) $12792 $27.728 Put Time (20s) DISK pulpit (COM OT 4)(19 wb( $7 8116 $15,673 $35.814 2. FRINGES panne l 21"3% 3359 7,632 FICA 1.45% 227 516 BQHS $7175 /week 17M iT31 O¢abilily Ins. 0.6/% 10.5 239 worer'scomP 1,140 2.280 unempkyment M 414 8,7W 14,812 3. OFFICE FURNITURE Desks 2 567 0 DekCrush 2 250 0 File Cabinets 2 240 0 Side Chaim 6 150 0 Forcing Table (30"x96') 1 40 0 1]80 0 4, OFFICE EQUIPMENT PC1P4nfer So9ware 2500 4 2,600 0 5. SUPPLIES OIFm Supplies-, Prahr :Phr0000mrs'.ak. 340 2.67 567 2,067 6. TRAVEL In stale mileage To sediment and mce5ngs 54Il 1040 500 1,000 T. EDUCATION/MEMBERSHIP Membership to Maine Cwltlion @a Handles Fees tw conterenors, as, 0 ],Wp a two 8. COMMUNICATION Business Line® $39.81 /tmMM1 238 475 Long DlsWnce@ M.03 heath 380 no Telephones (2) 200 Tekoonelnslalletion 200 Postage 200 404 1,198 Two TOTAL ,311 56.0 Page 1 FiACPPE_PF.tgm 01M4ni PARK WOODS PROJECT -42 UNITS OPERATED BY CITY CONVERSION & STARTUP COSTS COMMUNITY DEVELOPMENT RESIDENTIAL REHABILITATION LOAN PROGRAM ITEM UNIT COST SUBTOTAL TOTAL COMMENTS 16 Buildings Fuel Tanks $800 ea. $12,800 $108,]]5 Remove Interest Rate 3% $12,800 HemIng System 10 500 gal. 20 $800 $8,000 20. Boilers 10 1,000 gal $250 ea. $1,000 $10,000 Install $6,000 Carimm" Remmirs 30 275 gal. $463 $13,885 60 Apartments @ $100 ea. $6,000 $31,885 $0 MSHA Gram Elewcal Meters $6,000 TOTAL 16 Meters @ $1,000 ea. $16,000 Service Separation 3 Poles @ $450 $1,350 Coarser Code Violations I Revving 2 Buildings @ $1,500 ea. $3,000 14 Buildings @ $2,500 ea. $35,000 $55,350 Handicap Acces 5 Ramps @ $625 as. $3,125 5 Bathrooms @ $5,500 ea. $27,500 $30,625 Plumbing Repairs CITY AGENCY Communi Develg meM Loan 16 Buildings @ $800 ea. $12,800 $108,]]5 Interest Rate 3% $12,800 HemIng System Term 20 20. Boilers @ $250 ea. $5,000 $6,000 Carimm" Remmirs 60 Apartments @ $100 ea. $6,000 $6,000 TOTAL 108.]]5 Page 2 FIIe:CAPE_PF.rgm 01104/95 CITY AGENCY Communi Develg meM Loan 42 Units 18 Units Amount $108,]]5 Interest Rate 3% Term 20 Monthl Pa ment $606.61 $426.17 $182.64 Page 2 FIIe:CAPE_PF.rgm 01104/95 PARK WOODS PROJECT -42 UNITS OPERATED BY CITY PROJECTED REVENUE a AaarlmeMs-A bwab a Rings 2 Persons l Aparl $379 3 Persons/Apartment 495 Average l Apartment $437 MontMy Gross $11,362 $ CO -0P Units - AI owah a Rents No. Becroom's l Apartment 3 No. Single Room Occupants 24 Avg, Rent Allowance l SRO Sn! Monthly Gross $7,656 34 Total Rental Apartments Total Monthly Grass Rents $19,018 $ Strelter Unita - Reimbursement Rent) Apartment $170 Monthly Gross $1,360 (Utilities billetl t0 Health & Wall 34 Total Units as Apartments 6 SRO's $ Total Units Uaetl as Shelter Units 42 TOTAL UNITS USED BY CITY TOTAL MONTHLY GROSS T2 0378 FYPFNSES Rea EstleTaxet 42 Units Assessment/Apt. $30,10 Total Assessment $1,280,10 Tax Rate $2305 Annual Texas $29,043 Tax l ung $691.1 Monthly Taxes $2.42025 Pmgertvns nce UM 42 Units Annual $4,032.1 $96 lunitlyear Monthly $336.1 Elahn 34 Unita Annual $35,496.00 $87 runt l mo. Monthly $2.95800 Water 34 Units Annual $3,468.00 $102 /unit l year Monthly $289.00 8ver 34 Unita Annual $12.588.84 $370 /unit/War Most $1,049.07 EaM 34 Units Annual $14,518.00 U27 /unit l Year Monthly $1,209.83 $0.61 /gal. Torah Elckuo 34 Units Annual $0.66 $0 /unit year Monthly $0.00 Sol Maintenance 42 Urge Annual $2,240.00 $53 Arms l year Monthly $186.67 Smw Etaking 42 Units Annual $3.55320 $85 /unit l year Monthly $296.10 Budding Ma'menance 42 Unlis Annual $12,023.53 $286/unit l year Monthly Management Mao $1,001.96 Annual $11,410.80 5.0% of Gross Monthly $95090 Ground Maintenance 42 gal Annual $8,400.00 $200 /unit l year Monthly Lege ItAccountino $70000 Annual $2,282.16 1.0% of Gross Monthly $190.18 Weatanmue 8 Contingencies 42 Units Annual $18257,28 8.0% of Gross Mondily $1.521.44 RVAOrm atialRisulN Annual $7.35000 $175 atilt l year Monthly 5612.50 COB OHSW 5'taff Annual $56,021.10 42 Units MonMly $4,66842 $1,334tout l year Page 3 File:CAPEPF.rJm 01/04/95 PARK W00DS PROJECT -42 U WT8 OPERATED BY Cm OPERATINOPROFORMA Annual lMAm&RBM ESCa8dof 30% T TAL 5 arMc $18816.49 60640 225798 nnual Expense Exalalw 30% Annual Increase in Bawer User Fess 156% Page 4 File '.CAPE PF.mm HAMM MONTHLY STARTUP B MmUu %o1 Nam. YEAR YEN22 YEAR YEAR4 YEARS Incona Gins Scheouled Foods$18,01800 $11L108 100% $228216 $235.082 $242.114 5248,3]8 250,859 Sooner Reigmrsemenl $137.4.00 01fi0 100% 16320 18810 1 S7 H. e17033 ela388 Tonal Gross SCF¢Eule0 lncpne 20,37500 122,268 100% 244,530 251,872 259.428 2 . Less'. 50%Va $1,018.90 $5]466 4]% $12,22] $12594 12,971 115361 $13,]01 Plus. M6celleneousln me .00 0 100% 0SO so 0 so Expensees Real Selene Teaes $2,420.25 $0 0% $29,043 $29,914 $30,012 $31,736 $32.080 Propemy Insurance $33600 $2016 100% $4032 $4153 $4278 U406 $8530 EleGni 2.958.00 10,649 W% 5.496 35,501 57W $30.]8] 39,951 Water $28900 $867 W% $3.400 3.572 3.009 .790 $3.903 Sower $104907 $3,147 50% $12659 $14,553 $16,823 $19,448 $2$401 Fuel $1268.83 5807 60% $14518 $14954 515402 158fi4 $15340 Trash Pickup10 vu $0 100% SO W $0 W Euler Mainlenence $70800 $11ID 100% 52.240 $2.307 $2,376 U.4411 U.521 Snow Fbwi $29610 $3.553 200% W.553 $3800 $3,759 $3.002 53.009 WidiN Mamnenw $1001.96 $1503 25% $12024 $12385 $12]56 $13,138 $15533 WavenennertAgent $95000 $1.426 25% $11.411 $11753 $12,106 $12.469 $12843 Ground Mainanance ]00.00 $1.050 25SI $8400 $8652 $0,912 9.179 9454 Le al B Acaunti 190.10 $285 25% 52.282 $2350 $2,421 .494 2,558 hfixalla5mue 8 CmOn enures $1,52144 $913 10% 518,257 $10,805 $19,36g $19,950 $20,548 Re laoement Reserve 612.50 0% ]300 ]5]1 ]]98 032 027 Tolel gratin 1 1 4 ry I Rsioars B Cmvereica Cu So OO Loan $426.17 $00% $5.114 $5267 $5425 $5.508 5]56 $5.211,031 $32,465,201104% ,532 62822 820]3 .839 $62668 HeaINB Welfare P mm "sas jej $4.800.42 $28.311 luvYi $58021 $57702 $`A 433 $01.218 88052 261 154 6.511 Annual lMAm&RBM ESCa8dof 30% T TAL 5 arMc $18816.49 60640 225798 nnual Expense Exalalw 30% Annual Increase in Bawer User Fess 156% Page 4 File '.CAPE PF.mm HAMM PARK WOODS PROJECT -18 UNIll OPERATED BY HOPE HOUSE, CHCS, BANGOR AREA SHELTER SNUE Monthly Rental Nome l AoeHmen $170 Lateral Buildings N ApVA HOPE House Building 1216 4 Bulling 1217 4 Building 1220 4 TOTAL 12 $2.040 CHCS Building 1361 4 Bal Area Shainer Building 1361 TOTAL MONTHLY GROSS 2 2 $340 18 3,080 18 Units Assessment l Ani $38,840 Tonal Assessment 5540 ON Tar Rate $23.05 Annual Texas $12,447 Tax l unit $691.50 Mcni Taxes $1,037.25 Pmoenynsumnce $1,726.00 $96 /unit/ year Annual Monthly Rai $14400 Annual $000 $0/unit/ma. Monthly Wa er $0.00 Annual $0.00 $O /unit l year Monthly $0.00 Seves Annual $0.00 $0 /unit/ year Monthly $0.00 Efled Annual $0.00 $0 /unit l year Monthly Tresh Pekuo $0.00 $0.65 Igal. Annual $0.00 $0 lung l year Monthly $000 Boer Mananon Annual an $960.00 $53 lung/ year Monthly Sme Pbwno $80.00 Annual $1,522.80 $85/unit l year Monthly Buill Maintenance $126.90 Annual $5,152.94 $286 /unit l year Monthly Manninal $429.41 Annual $2,203.20 6.0% hental ina. Monthly $181 $122.40/uniWear Ground Maintenance Annual $3,600.00 $200 /unit l year Monthly eAccoanlnn $30 CU Waal Annual $450.00 $25 liver) year Monthly miscellaneous I Cnnlncenc ill Annual $3,672O0 100% )rent Monthly Reserve $306.00 Replacement Annual $3.150.00 $175 /unit I year Monthly CO Statluo Cast Reimb. $262.50 Annual $2,191.72 $121.76/unit l year Monthly $182.04 Page 5 Eik:parkaggi+9th 01104195 PARK WOODS PRQIECT-18 UNITS OPERATED BY HOPE HOUSE. CHL6, BANGOR AREASHELTER OPERATING PRO FORMA TOTPL PROJECTED EXPENSESa,b+c MONTHLY STARTUP B Monlh¢ %WNmm. YEAR YEAR2 YEARS 1 YEAR4 YEAR5 mne 3.0% Exeneea/ aNment/Monty i] 170 sl R Annual lrcrw¢e'in Sewer Usx Fors 15.6% Gmss 43.900.99 $16,3FA 100% $36,120 431,822 $38,956 N0.125 29 Nt.3N HAMIDUANTSM SMkri 0 100% 0 Sch"S A nrgma TOMI ry89 ,100.00 18,369 100 ,]28 3]8 ,956 .15 1.928 9Vda tem: 3.0%Vawn 9180 551 100% 1,102 1]351.189 S12N) 1.2 PNa: MiecellIn 00 100 NO ER¢¢W¢GmRlmvne S2,966.20 $17.W9 Iw% MAID ].]B8 8.921 BOPB EAxinses ReMEMare Terns 51037 25 $5.224 100% 12.44] $13.205 13001 160E$14400 $864 10096 1]280 $1833 $1888 $190.5Eegn $0.00 $0 O% $00 $0 $0 a0 0 0% s00 $0 $0 w $000 SO 0% $00 $0 0 w Fusl O3 0 O% $00 0 So wTONS PkW $003 $0 0% $00 $0 $0 $0 Bader Mambnenw O3 80 103% fi01018 1049 1080snn Plowin $126,90 $1.529 200% $1.5239 $1.616 $1,664 $1.]00Buidi MaiManarme 2941 35]8 WO% $51539 A, 7Man ement $1&3 E0 $1.102 Iw% $2.2039 $2337 82.40] $2.4]9 Gi MairOamnm $30000 SAPP 5096$3fi00 E3619 51834E4.052 L BAcwuMn %1750 SAS 100% $4504 447] N92 $506 ml a li ICmrin enues $3 ,ou $1.&15 100% $3.8]22 $.898 $4.012 $4.133 Re kmmmi Re¢em 282.50 1515 100% 91505 342 442 545 Tula areM i9371fi 1] 99 3 986 .1 1 RATIN IN 32 Re aim BLomert'rm Lroh WLoan t $182.fi4 $1095 100% $2.192 $2258 $8.325 52385 $2 XeeIt88 WaHare ram Ccsl¢ c 00 0% $0 $0 SO (121b0 ( 691 81 1,M-0 1.fi00 1648 1.595 (1,643 TOTPL PROJECTED EXPENSESa,b+c 308930 18,400 231 1 $3T 003. SO Annual l IReM Eambi 3.0% Pnnual Experse Eacii 3.0% Exeneea/ aNment/Monty i] 170 sl R Annual lrcrw¢e'in Sewer Usx Fors 15.6% Page 6 Fib: NiSm olilAm5 PARK WOODS PROJECT - ALL UNITS Annual Income r Hem eecalaror 8.0'% lIOIALPRCJEC1Es a.e.c 190630 ]904e z8z 975 noel Expense Eawlamr 3.0% Annual maesse in Saxer User Fees 2100% Page 7 Fi19:PARKCOME ON MNVA5 MONTHLY STARTUP 6 monNs YEAST YEAR2 YEARS YEAST YEAR5 moms GrNe$MeEWeal Renlb $22,0]603 $132,4fi8 $264,W6 $2]2684 281071 $289,503 $288185 Shoo RelmOursemcnt $136603 $0160 $18320 $16810 $17314 $17033 $18360 Tonal Gmss scee0ula01npme $23,43603 $140620 $281255 $209 AM $200384 $30]336 $316.555 Less: 50%Vecen 1116]0 55017 $13.320 13,728 14.1M 14581 $15,001 Plus: Mkcelleneous Income $600 0 0 EBecNre firms Immune .32730 62611 287928 2]6985 244 292.]]2 301.555 Reel Rel Texas 53,45].50 $6.224 $41,490 2]35 pll 545.33] 6697 P Insumnm .00 $2.880 $5.780 $5.933 $6,111 $8294 $6.483 Ele In 2956.00 10,80.9 $M,498 $38.561 $37,858 $38,]8] $39,951 Water $28900 $M] 13.468 $3,SM $3,670 $3,790 $3903 Sawer 51049.07 $3,147 12509 14.553 16023 $19448 81 Teel $1,209.61 $5.807 14.510. 14,951 15.402 16884 1 OU Tmsh P' 0 0 0 0 0 Btiler Manamence $1970 $3200 $3296 $3395 $3 0] &9802 6NW Plowing $5 Wfi $5.0]6 $5.228 $5365 $554] $5]13 eull4ln Meimmence 4,0]911.1]] 1].892 18.223 18.]]0 19.333 Ma emem E�2 $2,528$13,014 $14,02 114,443 $14,8]8 $15.323 Ground Maineann $1950$12000 $12397 $12]91 19113 $13506 L BA�uMin $510$2]32 $2814 52090 $2905 560]5 M Oulaneous A CmNn eco4s $2.]49 1929 52256] 526254 23,982 24681cement Reswvo 1P5 10500 10815 11139 ll4]4 11818 Totala Operating.891 999.549 20],122 215.189 ]44 232.978 NWERAT ,89824 2,970 88.3]9 68,W 69.075 AK.028 $68.648 Repairs A, Dan veBsun C 13 GO LOW) IST $80681 $1096 $],306 §]525 1Q101 $],983 §8,229 .08943 1.$74 1,073 61319 $61324 1,044 60.425 HeeM&WeHam nm COela C 4.88842 $28,311 $5k021 §5]]02 E5B,433 $81216 $fi3p52 NE 4 00 .583 5.052 3,BV 1,972 1)1 .62 Annual Income r Hem eecalaror 8.0'% lIOIALPRCJEC1Es a.e.c 190630 ]904e z8z 975 noel Expense Eawlamr 3.0% Annual maesse in Saxer User Fees 2100% Page 7 Fi19:PARKCOME ON MNVA5 Assigned to Councilor Soucy 95-51 December 28, 1994 _ CITY OF BANGOR (11n.E.) FMV[t B Supplemental Appropriation for Park Woods �s,.................................................................................._..._._._......_.._._._..._____._.. _. Project Special Revenue Fund for the Period January 1. through June 30, 1995 By Ns aW CummR of ae City ofBanw. ABSOLVED, WHEREAS, the City of Bangor has acquired 60 housing units from the federal government in New Capehart, now known as Park Woods; and . WHEREAS, operation of the project will begin on or about January 1, 1995; and WHEREAS, a supplemental appropriation of the anticipated revenues and expenditures is required for payment of expenses associated with this project; NOW, THEREFORE, EE IT RESOLVED THAT supplemental expenditure appropriation of $80,509 is hereby approved; and supplementalrevenue appropriation of .$82,611 is hereby approved; and the Finance Director is authorized to establish such revenue, expenditure and general ledger accounts a sary for the proper recording of expenditures; assets, liabilities and equie tyof this project; and arm,val net income or losses shall accumulate for the benefit of this project subject to annual eappropriation. In City Council December M ,1994 First Reading Referred to Finance Committee F �y c�jk IN CITY dCOUNCIL January 9, 1995 Passe YYYYYYT[nC1on JJ/ 1Y CLE 95-51 RESOLVE supplemental Appropriation for Park woods Revenue Found Fro the Period January 1, through June 30, 1995 SdLvlU